228 loan - An Overview
228 loan - An Overview
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In advance of distributing a draft want to the Board for approval pursuant to paragraph (h) of the segment, a lender should:
(B) For big banks that experienced property lower than or equivalent to $ten billion as of December 31 in either of your prior two calendar decades, the Board considers a bank's deposit products and solutions only with the bank's choice.
) of the segment, a financial institution may well present different weights for averaging alongside one another the performance across these loan merchandise and could include things like All those loan products and solutions in the numerator of the Lender Quantity Metric.
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A lender matter to this section may perhaps ask for the Board affirm that a loan, investment, or support is eligible for community enhancement consideration by publishing a request to, and in a format prescribed by, the Board.
If a financial institution opts to generally be evaluated pursuant towards the Retail Lending Take a look at, the Board assigns conclusions for your financial institution's Retail Lending Examination performance as presented in appendix C to this part. In assigning conclusions for a small lender, the Board may take into consideration general performance context information as presented in § 228.21(d).
The Board weights the lender's general performance rating for your functionality assessments relevant to a considerable financial institution as follows:
(one) A nonmetropolitan middle-revenue census tract is selected as distressed if it is within a county that meets one or more of the following conditions:
The Board works by using the ability-primarily based evaluation regions delineated by a lender in its evaluation in the bank's CRA overall performance unless the Board decides that the ability-based evaluation areas never comply with the requirements of this part.
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The Condition Group Advancement Funding Benchmark actions the dollar volume of community advancement loans and community advancement investments that benefit or provide all or part of a Point out for all significant depository institutions as compared to deposits situated in the Condition for all huge depository institutions, calculated pursuant to paragraph II.e of appendix B to this part.
The Board evaluations the impression and responsiveness of your financial institution's community development loans and Group enhancement investments that benefit or serve the nationwide spot, as 228 loan delivered in § 228.15.
For every major products line, a Borrower Local community Benchmark, calculated pursuant to paragraph IV.c of appendix A to this part for facility-centered evaluation spots and retail lending evaluation places, and paragraph IV.e of appendix A to this aspect for out of doors retail lending places.
This section implements the necessity from the CRA that the Board assess a lender's file of assisting to satisfy the credit rating needs in the area communities by which the financial institution is chartered, according to the Secure and sound Procedure of the bank, and also to acquire this history under consideration within the agency's evaluation of an application for a deposit facility through the bank. Accordingly, this aspect: